Canada CPI fall shy of expectations

The Canadian Consumer Price Index released on Friday showed a 0.1% decrease in July, lower-than-expected number failing to meet estimates, which called for a 0% change. From a broader perspective, the yearly change stood at 1.8% vs 2% expected.

On the flip side, BoC CPI core rose to 0.5%, surpassing by 0.4% an expected 0.1% increase. The data improved a -0.1% previous reading for May. The annualized figures were up 1.6%, as opposed to a 1.8% expected.